What to Bring When Financing a Car

Whether you’re buying or leasing, getting a new car can be an exciting process. However, there are a few important things you’ll need to bring along when financing a car. Most of the following documents are required, though some may simply be good to bring just in case. These include proof of income, credit history, proof of residence, vehicle information, and proof of insurance, among other things.

Proof of Income

First and foremost, you should bring proof of your income. Many lenders use a debt-to-income ratio in order to establish how much you can borrow. So, bring pay stubs from the last month (including a year-to-date amount), and/or tax returns if you’re self-employed. For those who have hand-written checks, you may want to bring bank statements or other documents to prove that you have a steady income.

Credit History

It’s imperative to check your credit history before you stop by the dealership. This numerical score measures your financial responsibility, and it can range anywhere from 300 to 850. Typically, above 700 is considered a good score. When checking your credit history, you should look for any misinformation or errors that could harm your score.

Proof of Residence

Many lenders require a proof of residence, which may be anything from a mortgage statement to a home address on a lease. It can also be utility bills or personalized mail.

Trade-In Documents

Trading in your old car? You’ll need to bring the previous title in as well as any lien documentation (if applicable) in order to get a new car.

Vehicle Information

This refers to the information about the new vehicle you’d like to buy. What is the make, model, and year? Most importantly, be sure to write down the dealer sheet or buyer order number. This will make it easier to find the exact car you’re looking for, especially if you were shopping online beforehand.

Insurance and License

You’ll need a valid driver’s license and proof of insurance before you can drive off the lot. In most cases, you can update your insurance over the phone, just as long as you let your insurance company know that you’ve acquired a new car.


These are the basic things you’ll need to have ready before you can drive away in your new car. If you have any questions or concerns about the process, be sure to call or stop by Schlossmann Dodge City today.